RUSSIAN PRESIDENT'S SPECIAL ENVOY DMITRIEV IN US, MEETING MEMBERS OF TRUMP ADMINISTRATION TO DISCUSS UKRAINE, ECONOMIC COOPERATION, SOURCES SAY

China’s passenger car market is expected to see a gradual recovery in April, Continuing recent trends, the China Passenger Car Association said. With 21 working days in April—one fewer than a year earlier—production and sales are forecast to edge higher despite lingering pressure from the phase-out of NEV support policies. The association said government consumption stimulus and auto shows are likely to help boost demand and market activity.

Crude Oil: 1. Satellite images confirm attack and fire at Saudi Arabia's Abqaiq oil field. 2. Qatar begins to resume liquefied natural gas (LNG) production following the US-Iran ceasefire. 3. According to Kyodo News, Japan is considering releasing approximately 20 days' worth of oil reserves. 4. ExxonMobil: First-quarter production is expected to decline by 6% compared to the fourth quarter of last year. 5. Indian government officials: will require the steel industry to consider increasing the use of domestic coal. 6. The US is considering lifting sanctions against Venezuela's central bank, thereby releasing oil supply. 7. Indian government sources: the US is expected to extend the exemption for Russian oil purchases. 8. German Finance Ministry spokesperson: further research is needed to address high oil prices. 9. It is understood that the damage to Saudi Arabia's east-west oil pipeline was limited, and the pipeline was not shut down. 10. Goldman Sachs: lowered its second-quarter price forecasts for Brent crude and WTI crude to $90/barrel and $87/barrel, respectively. 11. ANZ Bank: Sees a real risk of permanent loss or limitation of 1 million to 2 million barrels per day of production capacity. 12. World Bank: Under the baseline scenario of a significant but temporary rise in energy prices, economic growth in emerging market and developing economies in Europe and Central Asia will slow significantly in 2026. 13. Iraq's State Oil Marketing Organization (SOMO) announced its official selling prices for May Basra medium crude oil: a premium of $20.45/barrel for Europe, a premium of $17.30/barrel for Asia, and a premium of $10.20/barrel for North and South America. Precious Metals and Mining: 1. The Indian government stated that the Indian steel industry is expected to maintain its growth momentum, with demand remaining strong. 2. ANZ Bank: Energy transition and data center growth are driving demand resilience, which will maintain a 4% to 5% copper supply deficit in the market, thus supporting prices. 3. Standard Chartered's Global Head of Commodities Research: Current liquidity pressures may continue to suppress gold prices for some time, but a return to an upward trend is still expected in the coming months. Strait of Hormuz Traffic Status: 1. US media reports that only four ships were allowed to pass through the Strait of Hormuz on the 8th. 2. Data from shipping intelligence company Kpler shows that since the ceasefire was reached, no oil tankers have passed through the Strait of Hormuz; the four ships that passed were all dry cargo vessels.